business speaking of business coming up stephen beardsley will have all the latest headlines including much more on baez multibillion dollar settlement before you get to don't forget you can get all the latest news on our website dot com and instagram and twitter at the delphiniums. the global corona try since you can find more information online in fact e.w. dot com and on t.w. social media channels. you know that 77 percent of coffee cups are younger than thinks of pot. that's me and me and you. and you know what external voice is part.

of the 77 percent we told the bond between. you this is where you. know 77 percent this weekend on d w. buyer strikes a deal in its legal battle over herbicides rounds up the german agro chemical firm will pay billions to satisfy the largest chunk of american lawsuits still keeping rounds up on shelves. tons of largest shareholder says he'll vote for a 9000000000 euro german government rescue package perhaps taking some of the drama from thursday's shareholder vote. and uganda is dependent on chinese imports could that change if it starts making more things at home. this is your business report.

it's good to have you with us it's the news that buyer shareholders have been awaiting the company has reached a $10900000000.00 settlement to close out the bulk of american lawsuits that allege its airbus side round up causes cancer by hopes the deal can finally remove a burden that's weighed on that share price for the past 2 years. to some wipes 3 quarters of the 125000 ongoing and potential lawsuits off the table according to buyer. it struck the agreement to end a financial nightmare which began with its purchase of u.s. crop science giant monsanto a takeover the does prove more costly than anyone could have imagined 2 months after the acquisition in 2018 by a london court as the new owner a man who'd used monsanto's herbicide roundup or contracted cancer he accused the company of downplaying the weed killers risks a string of cases followed with by

a losing one after the other. roundup with its active ingredient life as it is normally used in agriculture but monsanto also promoted its best seller as a weed killer for gardens sports fields and parks as well the herbicide has never been classified as carcinogenic by the u.s. environmental protection agency e.p.a. and that was the main pillar of bias defense but judges and juries consistently saw it differently buyers new subsidiary was threatening to topple it into bankruptcy the german company's shares have plummeted since the takeover in march this year buyer's market capitalization had been hard. mates of shareholders were piling on the pressure to get the problem sorted fast the $10800000000.00 settlement may help to do that meanwhile buyer and u.s. regulators still insist that roundup does not cause cancer when used correctly and on monday the californian cooled ruled that roundups instruction leaflet does not

have to carry a warning that it could cause cancer. let's take a look now at some of the other global business stories making headlines. the troubled ministration is threatening more than $3000000000.00 in new tariffs on e.u. and british goods as part of its dispute over aircraft subsidies cheese yogurt and olives would be affected as well as whisky trucks and aircraft move as part of a broader u.s. response the e.u. subsidies for plane maker air bus. the u.s. is offering to help fund brazil's 5 g. infrastructure but only if it doesn't buy gear from chinese from the way the american ambassador to brazil said that huawei the world's largest telecoms equipment maker was not to be trusted. the international monetary fund now says the global economy is going to contract 4.9 percent in 2020 that's more than its previous projection of 3 percent the i.m.f. expects a larger than anticipated supply shock as a result of coronavirus linked lockdowns. was

a big day tomorrow for one of europe's largest flyers as luke tons of shareholders gathered to vote on a 9000000000 euro rescue package that would see the german government take a significant stake in the business as supporters of the deal were boosted wednesday when the airline's largest shareholder now montebello revealed he would vote with them here's what the deal entails. full of towns are the coronavirus pandemic has been a nightmare barely anyone's flying barely anyone's wanted to fly and the outlook's not much better left turns is main source of profit is its business class but with video conferencing getting ever more popular and even that's facing an uncertain future solar towns it has agreed a potential government aid package in exchange for 9000000000 euros in help the german state is expecting a 20 percent stake in the national carrier and it wants an option for a blocking minority of shares empowering it's to veto any attempt to takeover the

airline under pressure from the use competition watchdog lufthansa will also have to surrender 20 for takeoff and landing slots in frankfurt and munich and they will be job cuts to affecting or departments cabin crew ground staff and pilots it's of cities will also be affected german wings has been permanently grounded austrian airlines euro wings and brussels airlines will also take a hit. lufthansa needs help to get off the ground again but even when air travel properly restarts germany's long time leader will never be as it was. and we mentioned huawei earlier the chinese equipment maker has open the doors to its flagship store in shanghai while way needs a shot in the arm especially is about growing pressure from the u.s. government and it got it i the

grand opening of the wall ways biggest ever flagship store in shanghai. staffed clap and cheer at a site that's become unusual these days a big shopping crowd with many more customers waiting outside while we's new 5000 square meters space in its home market is a statement at a time when it's running into trouble overseas many while we fans say that's why they're here. he gave us a i was 1st i want to be 40 pro who are way phone here in the 2nd i want to support who always call it cos the us is suppressing huawei one actually the us is not on the suppressing huawei but all of china is we can we should try our best to support patriotism right that he says that i would do it no. more no customers are about to get more chances to do that way says it's going to add several similar

stores in china in the coming year but it insists that these plans were made even before the u.s. government launched a global campaign against the world's 2nd biggest smartphone maker. but the choice of location for this latest store could be sending a message anyway it's on shanghai's busiest shopping street right across from the world's biggest tech company apple from the u.s. . over the after now where ugandan president yoweri was 70 wants to reduce. his country's dependence on chinese imports a particular he wants to use the $419000000.00 covert emergency fund from the i.m.f. to bolster local manufacturers of all goes according to plan uganda could import less finished goods but economists say china won't simply give up its markets in the country outside uganda's capital campolo these women and maine have a tight deadline to produce half a 1000000 fists musts within 8 weeks they add to this government facility once to

demonstrate that ugandans can make products that were previously imported. through a hardware store and you can't find a single item that is made in even a boat. and i'm thinking from there were true for reducing things like. what is there in the persisting. exporting. to end up in probably remove. uganda wants to reduce dependence on imports. this electric bass for instance is made by a ugandan company the state does fully funded it as a way of showing how the country's resources can be used instead of simply being exported as raw materials minium that is part of this fuss and is really discussed

here the bone born to flow. steel which is the biggest component on this bus we have an o. and was and is now said converting that and localizing the supply chain that fuels production in manufacturing last year uganda spent more than 880 $1000000.00 on importing goods from china alone researchers see that uganda can keep that karsh if locals produce the goods however the local economy could still lose out if the factories at home owned by the chinese who can rip the profits some also argue that because china relies on africa's raw materials and its market it might not be ready to lose each to the local. whatever china wants too much of it they come and. they take it and grow much are they going process and they bring it back now you're telling them that you know you guys we are going to we want to start our own

business and tell you what you told them is please get out of here. you do thinks about a source you break it in the ship but it does not seem to deter a professor from training up ugandans he's hope is that embracing technology will improve uganda's chances of becoming more self-reliant. the labor market may be tough for many job seekers at the moment but getting the right candidates can also be difficult for certain employers don't take. one new piece. forward intelligence everything can change within. the cia the u.s. intelligence gathering agency is targeting young people with this job that is the 1st time that it's ever used a video spot to advertise to potential recruits the ad will be running on streaming platforms and while it's looking for young hires the cia says everyone applying

will be considered with the help he every american say. and that's it for me and the d. w. business team here in berlin you can find out more about these and other stories online at d w dot com slash business and to check us out on facebook and twitter i'm stephen beardsley as always it's watching.

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